Robert Half Inc. (NYSE:RHI) Shares Acquired by Isthmus Partners LLC

Isthmus Partners LLC boosted its stake in shares of Robert Half Inc. (NYSE:RHI) by 3.3% in the second quarter, HoldingsChannel reports. The firm owned 7,079 shares of the business services provider’s stock after purchasing an additional 229 shares during the quarter. Isthmus Partners LLC’s holdings in Robert Half were worth $453,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in Robert Half by 508.2% during the 4th quarter. Victory Capital Management Inc. now owns 34,990 shares of the business services provider’s stock worth $3,076,000 after acquiring an additional 29,237 shares during the period. Amalgamated Bank boosted its position in Robert Half by 10.4% during the 4th quarter. Amalgamated Bank now owns 37,208 shares of the business services provider’s stock worth $3,271,000 after acquiring an additional 3,510 shares during the period. Principal Securities Inc. acquired a new position in Robert Half during the 4th quarter worth $75,000. BNP Paribas Financial Markets boosted its position in Robert Half by 7.6% during the 4th quarter. BNP Paribas Financial Markets now owns 77,270 shares of the business services provider’s stock worth $6,794,000 after acquiring an additional 5,477 shares during the period. Finally, QRG Capital Management Inc. boosted its position in Robert Half by 17.2% during the 4th quarter. QRG Capital Management Inc. now owns 5,018 shares of the business services provider’s stock worth $441,000 after acquiring an additional 737 shares during the period. Institutional investors and hedge funds own 92.41% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on RHI shares. Barclays reduced their price target on Robert Half from $70.00 to $60.00 and set an “underweight” rating for the company in a research report on Friday, July 26th. StockNews.com downgraded Robert Half from a “buy” rating to a “hold” rating in a research note on Friday, July 5th. BNP Paribas raised Robert Half from an “underperform” rating to an “outperform” rating and set a $80.00 price objective on the stock in a research note on Tuesday, June 11th. Truist Financial dropped their price objective on Robert Half from $72.00 to $62.00 and set a “hold” rating on the stock in a research note on Friday, July 26th. Finally, JPMorgan Chase & Co. dropped their price objective on Robert Half from $74.00 to $70.00 and set a “neutral” rating on the stock in a research note on Thursday, July 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Robert Half currently has an average rating of “Hold” and an average price target of $67.86.

Insider Transactions at Robert Half

In other news, Director Dirk A. Kempthorne sold 1,300 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $63.09, for a total transaction of $82,017.00. Following the completion of the sale, the director now owns 13,342 shares in the company, valued at approximately $841,746.78. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.00% of the stock is currently owned by corporate insiders.

Robert Half Stock Performance

NYSE:RHI traded down $0.69 during trading hours on Friday, hitting $60.71. 840,713 shares of the company’s stock traded hands, compared to its average volume of 1,430,898. The firm has a market cap of $6.37 billion, a P/E ratio of 18.18, a P/E/G ratio of 6.04 and a beta of 1.25. Robert Half Inc. has a twelve month low of $57.05 and a twelve month high of $88.39. The stock’s fifty day moving average price is $62.81 and its two-hundred day moving average price is $68.79.

Robert Half (NYSE:RHI) last released its quarterly earnings results on Wednesday, July 24th. The business services provider reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.05). The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.49 billion. Robert Half had a return on equity of 20.41% and a net margin of 5.26%. The business’s revenue was down 10.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.00 EPS. On average, equities research analysts predict that Robert Half Inc. will post 2.52 earnings per share for the current year.

Robert Half Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 23rd will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $2.12 annualized dividend and a dividend yield of 3.49%. Robert Half’s dividend payout ratio (DPR) is presently 63.47%.

About Robert Half

Robert Half Inc provides talent solutions and business consulting services in North America, South America, Europe, Asia, and Australia. The company operates through Contract Talent Solutions, Permanent Placement Talent Solutions, and Protiviti segments. The Contract Talent Solutions segment provides contract engagement professionals in the fields of finance and accounting, technology, marketing and creative, legal and administrative, and customer support.